ET-Will HNI demand soar in India as the luxury market booms and industrial smart cities take center stage?
India's luxury real estate market is evolving at an unprecedented pace resulting in a significant boom in sales. This growth is driven by a combination of economic factors, changing consumer preferences, and emerging infrastructure. High-net-worth individuals (HNIs) are at the forefront of this boom, and their demand for premium properties is set to increase as the country’s economy and urbanization continue to evolve.
In the aftermath of the pandemic, the desire for larger, thought-through spaces skyrocketed. The pandemic made people re-evaluate their living spaces, and now there’s a clear preference for homes that offer more room, comfort, and high-quality amenities. This trend is particularly evident among HNIs, who are increasingly seeking properties that reflect their lifestyle and provide a sense of security. Larger homes with better facilities, such as private gyms, home offices, and expansive outdoor spaces, have become highly sought after.
